SoundThinking (NASDAQ:SSTI) Receives Market Perform Rating from Citizens Jmp

by · The Cerbat Gem

Citizens Jmp restated their market perform rating on shares of SoundThinking (NASDAQ:SSTI – Free Report) in a research report released on Friday morning, MarketBeat.com reports.

Several other equities research analysts also recently commented on SSTI. Lake Street Capital downgraded SoundThinking from a “buy” rating to a “hold” rating and set a $8.00 target price on the stock. in a report on Friday. Zacks Research upgraded SoundThinking from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Weiss Ratings lowered SoundThinking from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, July 30th. Wall Street Zen upgraded shares of SoundThinking from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 31st. Finally, Cantor Fitzgerald cut their price objective on shares of SoundThinking from $10.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $10.83.

View Our Latest Analysis on SoundThinking

SoundThinking Stock Performance

SSTI stock opened at $6.20 on Friday. The firm has a 50 day moving average price of $8.21 and a 200-day moving average price of $7.38. SoundThinking has a 52-week low of $5.78 and a 52-week high of $13.34. The firm has a market capitalization of $80.29 million, a price-to-earnings ratio of -4.81 and a beta of 1.16.

SoundThinking (NASDAQ:SSTI – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.12). SoundThinking had a negative return on equity of 23.31% and a negative net margin of 16.92%.The company had revenue of $23.89 million during the quarter, compared to analysts’ expectations of $25.77 million. As a group, sell-side analysts forecast that SoundThinking will post -0.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SoundThinking

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantinno Capital Management LP boosted its holdings in SoundThinking by 264.8% in the first quarter. Quantinno Capital Management LP now owns 236,581 shares of the company’s stock worth $1,566,000 after purchasing an additional 171,733 shares during the last quarter. Kopion Asset Management LLC lifted its holdings in shares of SoundThinking by 14.6% during the 2nd quarter. Kopion Asset Management LLC now owns 1,114,648 shares of the company’s stock valued at $10,088,000 after buying an additional 142,346 shares during the period. Versant Capital Management Inc boosted its stake in shares of SoundThinking by 31.7% in the 2nd quarter. Versant Capital Management Inc now owns 9,305 shares of the company’s stock worth $84,000 after buying an additional 2,239 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of SoundThinking by 88.6% in the first quarter. Royal Bank of Canada now owns 4,173 shares of the company’s stock worth $28,000 after acquiring an additional 1,960 shares during the period. Finally, Ieq Capital LLC bought a new stake in shares of SoundThinking in the second quarter worth $193,000. Institutional investors own 60.74% of the company’s stock.

Key SoundThinking News

Here are the key news stories impacting SoundThinking this week:

  • Positive Sentiment: Analysts still see potential upside: Cantor Fitzgerald set an $8 price target, and Lake Street Capital also maintained an $8 target. Both targets are above the current trading level, although Cantor now rates the shares “neutral” and Lake Street downgraded the stock to “hold.” Cantor Fitzgerald price target report
  • Positive Sentiment: Management outlined a 2026 revenue plan of $99 million to $100 million and expects annual recurring revenue to exceed $100 million by the beginning of 2027, suggesting continued growth in the company’s subscription-based public-safety technology business. SoundThinking 2026 revenue plan
  • Neutral Sentiment: Citizens JMP reaffirmed its “market perform” rating, indicating no immediate catalyst from its view. Citizens JMP rating report
  • Negative Sentiment: Second-quarter results missed expectations: SoundThinking reported a loss of $0.37 per share versus the approximately $0.25-$0.27 consensus loss estimate, while revenue of $23.89 million fell short of the $25.77 million forecast. The loss also widened from $0.24 per share a year earlier. SoundThinking second-quarter results
  • Negative Sentiment: The company cut 2026 revenue guidance to $99 million-$100 million from $109 million-$111 million and reduced its adjusted EBITDA margin target to 8%-9% from 16%-18%. The new revenue outlook is also well below the roughly $109.2 million analyst consensus, raising concerns about slowing growth and profitability. SoundThinking financial results and guidance

SoundThinking Company Profile

(Get Free Report)

SoundThinking, Inc, a public safety technology company that provides transformative solutions and strategic advisory services for law enforcement and civic leadership. Its SafetySmart Platform, an integrated suite of data-driven tools that enable law enforcement and community violence prevention and health organizations to be efficient in public safety outcomes. It offers ShotSpotter, an acoustic gunshot detection system; CrimeTracer, a law enforcement search engine; CaseBuilder, an investigation management system; and ResourceRouter, a software that directs patrol and community anti-violence resources to help maximize their impact.

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